Nevsun Resources Ltd (NSU) Receives Analyst Rating

Nevsun Resources Ltd (NSU) : 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Nevsun Resources Ltd (NSU). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 3 Wall Street Analysts endorse the stock as a Buy with a rating of 2.33.

Nevsun Resources Ltd (NSU) : Currently there are 2 street experts covering Nevsun Resources Ltd (NSU) stock. The most bullish and bearish price target for the stock is $4 and $4 respectively for the short term. The average price target of all the analysts comes to $3.75. The estimated standard deviation from the target is $0.07.


Nevsun Resources Ltd (NYSEMKT:NSU): After opening at $3.21, the stock dipped to an intraday low of $3.18 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $3.23 and the buying power remained strong till the end. The stock closed at $3.22 for the day, a gain of 0.63% for the day session. The total traded volume was 486,154. The stocks close on the previous trading day was $3.2.

Nevsun Resources Ltd. (Nevsun) is engaged in the acquisition, exploration, development and operation of mineral property interests. The Companys principal mining operation is the Bisha Mine and the Companys principal mineral property is the Bisha property, which is owned by Bisha Mining Share Company (BMSC). The Companys wholly owned subsidiaries include Nevsun (Barbados) Holdings Ltd., Nevsun Africa (Barbados) Ltd. and Nevsun Resources (Eritrea) Ltd. The Company has 60% interest in BMSC. Bisha is a volcanogenic massive sulphide (VMS) deposit located 150 kilometers west of Asmara, Eritrea, East Africa. The Bisha mine hosts a gold, copper and zinc deposit and the overall Bisha district includes satellite VMS deposits known as Harena, Northwest and Hambok. The Bisha Main deposit is located within the Bisha Mining License and the Harena satellite deposit lies in a separate mining license 6 kilometers south. Bisha Main and Harena form 100% of the mineral reserves for Bisha.

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